EOS has been doing well, but had a slight correction. It appears after the slight correction there was a small run-up to this new rally, similar to the last pattern (if you look back in the chart, you'll see a slight run-up before the primary rally begins).
We see that EOS fell to 0.382x before bouncing hard to 0.786 -> but failed to stand above it. Now the critical threshold is 0.618 (blue horizontal line): If it falls below it, EOSETH will have another corrective wave, perhaps to 0.5x (0.0083ETH). If it bounces, this means EOS will have fully reversed its bearish trend & could retest 1x (0.00148ETH) soon. ...
EOSUSD endured a period of consolidation. Finally, we've seen a breakout. The previous target of $16 was reached very quickly. We can see that originally shrunk volume has bounced, though not yet to previous levels -> this leads me to believe that EOS is only just warming up. Dawn 3.0 is coming & EOS is announcing some partnerships. In this extremely bullish...
Ever since the bitcoin crash in late Dec, EOS hasn't performed. There wasn't any top reversal pattern, yet such is the market. In the last few days the weekly and monthly EMA have crossed. EOSETH has fallen below 0.5x of the previous rally. The first suggests that we're in bearish territory already. The second means we're probably not having a cup &...
Hello people, Is this a cup and handle or just all u guys dumping :P BINANCE:EOSETH Good Luck
I'm bullish on EOSETH. This is based on the fundamentals. Price-wise, the arguments are the same for EOSUSD. Please check out my other post. Also see my website www.jlteng.com
The image of an inverse shs becomes more and more blurred. Anyway, the indicated trend channel might be important and an reversal therefore soon possible. First a dip unter 0.008 is possible.
i think, this is a good zone for buy, and take profit u can put at 100% fibo (0,68373) or let my t/p good trades brothers.
This is just a quick update on EOS. Obviously it's bullish. Nevertheless, we can expect some minor retracement before further gains as we're currently overbought. My long-term target remains 0.05ETH by Q2 of 2018. If I had to take a guess $10.8 would be a good long entry. Check out my website: www.jlteng.com
In the long term, I believe EOS is extremely bullish. Nevertheless, it's overextended and more corrections may be coming. We can observe bearish divergence in the past few days, too. Unlike IOTA, EOS has not overextended as much. (note IOTA has much higher supply) It's possible that a new trend line is legitimate. For extreme bullishness, a rebound @ .618 = $7.2...
EOSETH has had a great run since my last post. At this point, we've just broken the channel, and indicators all suggest overbought condition. Besides, testnet will be alive in a couple of days, and the price of the news has been fully discounted. In this context, I expect a short-term adjustment / consolidation. Maybe the price will move sideways instead of...
A couple of days ago, I posted that EOSETH is very bullish (see link). I believe this trend will continue. In terms of waves, we are merely in Wave 1. The most bullish move will likely come in Wave 3. Within Wave 1, now we are in about Wave 1.5. As the testnet will come online on 4 Dec, I expect this leg to continue as least till 3 Dec. I think $3 is...
As the chart shows, EOSETH appears to be in a very bullish channel. It seems to have completed two rounds of retracements (@.5 and .618 levels) and ready for the next jump. I think 0.007-0.008 levels are possible before the next round of consolidation.
EOS is moving in an uptrend against ETH and was nicely bounced back after consolidating between 0.382 and 0.5 fibonacci levels after latest upswing from 0.00176 to 0.0048 level. However now a falling wedge may be identified + there is RSI bearish divergence within the wedge. I am expecting to break down and move to cloud and touch uptrend line again – and at this...
EOS seems to look quite bullish accordingly to the graph, we have recently seen this coin have a large run up over the recent month where the coin is now consolidating. You should follow the support and resistance lines on the graph to make the most accurate trading decision, if we fall below the supply line (support) it is likely that that trend will continue,...